viewKromek Group PLC

Kromek making big strides on all fronts and in a great place says CEO Basu

''The last year was a milestone for us'' says Arnab Basu, chief executive of medical and nuclear screening group Kromek PLC (LON:KMK).

''We won US$80mln of new contracts to make the total US$145mln over the past three years.''

''As these contracts are multi-year in nature we have visibility on 80% of revenues this year as well.''

Sales rose 23% in the year to April, underlying profits rose four-fold and losses halved and Basu expects further improvement in the current twelve months.

New standards are coming in for airport screening security while health authorities are realising diagnostics is a crucial way to improve the effectiveness of treatment.

Meanwhile, China and India are markets that are just opening up.

Quick facts: Kromek Group PLC

Price: 12.4 GBX

Market: AIM
Market Cap: £42.73 m

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Kromek Group 'well-positioned to report its highest ever full year revenues'

Kromek Group PLC's (LON:KMK) Dr Arnab Basu caught up with Proactive London's Andrew Scott to discuss their interims to October 2019. Revenues reached a record £5.3mln in the period - the rapid growth of the top line came as the County Durham-based firm got moving on the £100mln of...

on 11/12/19

2 min read